3050 Edgehill Drive
Land | 0.18 acres
Marketing description
Marcus & Millichap is pleased to present 3050 Edgehill Drive, an ±8,006-square-foot residential development parcel in the heart of Jefferson Park. Offered for the first time in nearly five decades, the property has been held by the same family trust since 1977 and has historically served as the dedicated parking lot for the adjacent restaurant building at 3125 W Jefferson Boulevard.
The parcel is delivered clean, with paving only, no structures, no tenants, and no relocation or Ellis Act exposure. This gives a buyer control of the site from day one and a clear path to evaluate future development.
The property benefits from a strong entitlement profile. Zoned R2-1XL with a Low Medium I Residential General Plan designation, the site is located within TOC Tier 3, a federal Opportunity Zone, the Los Angeles State Enterprise Zone, AB 2097 and AB 2334 parking relief areas, and a Housing Element rezoning designation with a ministerial approval pathway. It is also located approximately one half-mile from Expo/Crenshaw Station, where the Metro E and K Lines intersect.
The property is also a natural companion to the adjacent 3125 W Jefferson Boulevard commercial corner, giving buyers the option to pursue the sites separately or as a larger assemblage.
Investment highlights
- First Offering in Nearly Fifty Years - Held in the same family trust since 1977 at a generational cost basis, with negligible carrying cost — 2025 property taxes of approximately $894. A clean disposition with no partnership or estate complications anticipated.
- Unencumbered, Clean-Slate Land - Improved with paving only — no structures, no tenancy, no leases, no relocation, and no Ellis Act exposure. Not subject to the Rent Stabilization Ordinance and carrying no historic designation. A buyer controls the site from day one.
- One of the City's Deepest Incentive Stacks - TOC Tier 3, federal Opportunity Zone, State Enterprise Zone, AB 2097 and AB 2334 parking relief, and a Housing Element rezoning designation with a ministerial pathway — a combination that materially expands buildable density and streamlines approvals.
- Transit-Anchored Location - One half-mile — a ten-minute walk — from the Expo/Crenshaw station, where the Metro E (Expo) and K Lines meet. Within a High Quality Transit Corridor and an AB 2334 Very Low Vehicle Travel Area, supporting reduced parking and density-bonus eligibility.
- Flexible Residential Density - R2-1XL is treated as controlling; CoStar separately reflects an RD1.5 profile supporting up to seven units. Layered against TOC and Housing Element density-bonus pathways, the site offers meaningful unit-count optionality — to be confirmed with City Planning.
- A Built-In Assemblage Play - Offered concurrently with the commercial corner at 3125 W Jefferson Boulevard under common trust ownership. Together the two parcels form ±14,521 SF of contiguous land — commercial-zoned corner plus residential-zoned mid-block — each with its own ministerial pathway.
- Infill Demand & Daytime Traffic - Roughly 41,600 residents and 14,700 households within one mile; ±32,000 vehicles per day on Jefferson Boulevard. A supply-constrained, Westside-adjacent submarket with durable rental demand.
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